- For Sale $820,244
- Property Type Retail
- Property Size 1,770 SF
- Lot Size 0.67 Acre
- Cap Rate % 6.15
- # of Floors 1
- Average Floor Size 1,770 SF
- Property Tenancy Single Tenant
- Year Built 1971
- Year Renovated 2023
- Date Updated Feb 7, 2024
Peak Collective Real Estate with KW Commercial is pleased to present for sale 267 Bear River Dr, Evanston, Wy 82930.
The offering - A single tenant NNN leased investment with a recently signed 10yr lease. The tenant has outstanding financials with sales over 7 figures per year. Priced at a 6.15% cap rate the property produces a starting net operating income of $50,445/Yr. The property has 1,770 SF on .67 AC and is strategically located near Interstate-80 in an opportunity zone.
The property was built in 1971 and had a fully permitted extensive renovation completed in 2023. The renovation updates include a new parking lot & striping, fully built out tenant improvements, exterior building design renovation, lighting, stucco, paint, furnace, AC unit, duct distribution, roof, signage, & landscaping.
The lease has a 2% per year escalations and a 5 year option to renew. Tax incentives of closing before 2023 year end will allow you to have bonus depreciation of 80% with cost segregation which will be reduced to 60% in 2024.
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Attachments
False
Contacts
Location
Getting Around
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Walk Score ®
22/100
Car-Dependent
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Bike Score ®
39/100
Somewhat Bikeable
- City Evanston, WY
- Zip Code 82930
Points of Interest
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Chevron
0.90 miles
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Maverik
0.93 miles
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Shell
2.04 miles
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Chevron
2.05 miles
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Tesla Supercharger
2.28 miles
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Church Parking
1.23 miles
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Jody's Diner
0.07 miles
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Wendy's
0.76 miles
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Costa Vida
0.85 miles
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Taco Time
0.88 miles
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Arby's
0.89 miles
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McDonald's
0.89 miles
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Legal Tender
1.63 miles
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JB's Restaurant
2.10 miles
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Walmart Supercenter
0.68 miles
Frequently Asked Questions
What is the lease rate for 267 Bear River Drive?
Rental asking rate at 267 Bear River Drive is $410,122.00/YR.
What is the total square footage of 267 Bear River Drive?
267 Bear River Drive totals 1,770 square feet.
When was this property built?
267 Bear River Drive was built in 1971.
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